5/62-68 Garden DriveTullamarine VIC 3043
Property Details for 5/62-68 Garden Dr, Tullamarine
Last Listing description (May 2019)
Reinventing The Wheel Is Essential Today!!
No Longer Is Simply Offering A Great Product Or Service Enough Today, A Business Is About The Visual Just As Much, If Not More, Than The Business Itself. What We Are Offering Today, Is The Perfect Example Of This.
The Tenant Leased An Industrial, Blank Canvass Warehouse & Renovated To Suit Their Purpose. They Reinvented The Indoor Sports Facility With A Modern, Fresh & Inviting Approach. Their Consumer Experience Is Far More Enjoyable, Than The Tired, Old Hat Indoor Sports Facilities We Are All Familiar With Simply Take A Look To See.
For An Owner Occupier, The Lease Has A 12 Month Demolition, Reconstruction or Alteration Clause Than Can Be Exercised From The Expiration Of The Fourth Year Of The Lease (Lease Commenced March 2014).
This Property Is A Lay Down Misere An Exceptional Tenant With Rent Growth Potential & The Flexibility Of Owner Occupation In The Immediate Future!!
Unit 5/62 68 Garden Drive Is A Modern, High Clearance Warehouse With High Quality First Floor Offices. The Building Has Been Renovated By The Existing Tenant, Who Have An Outstanding Payment History. There Is Flexibility Here For An Investor, Capitalise On The Undervalued Rent With A Market Review Due In 2019 For The Owner Occupier, Exercise Your Rights Under The Lease To Obtain Vacant Possession At The Same Time, Or Otherwise Agreed.
For Sale By Negotiation.
Please Contact Agent.
Property History for 5/62-68 Garden Dr, Tullamarine, VIC 3043
- 05 Jun 2017Listed for Sale Please Contact Agent
- 13 Mar 2014Listed for Rent $90,000 / year
- 31 Oct 2013Listed for Rent - Price not available
Recent sales nearby
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0About Tullamarine 3043
The size of Tullamarine is approximately 7.5 square kilometres. There are 10 parks, covering nearly 3.4% of the total area. The population of Tullamarine in 2016 was 6605 people. By 2021 the population was 6733 showing a population growth of 1.9% in the area during that time. The predominant age group in Tullamarine is 30-39 years. Households in Tullamarine are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tullamarine work in a clerical occupation.In 2021, 62.10% of the homes in Tullamarine were owner-occupied compared with 62.40% in 2016.
Tullamarine has 5,959 properties. Over the last 5 years, Houses in Tullamarine have seen a 15.73% increase in median value, while Units have seen a 14.62% increase. As at 31 July 2026:
- The median value for Houses in Tullamarine is $811,264 while the median value for Units is $583,949.
- Houses have a median rent of $600 while Units have a median rent of $550.
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